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India's domestic aviation industry is one of the fastest growing in the world. But with soaring demand comes cut-throat competition, and pressure to keep costs low.

Most Indian airlines, facing a turbulent time over the last few years, are making huge losses, and many airlines are struggling to stay in business. The latest example is the 25-year-old Jet Airways, which has temporarily suspended operations – and the jobs of 23,000 employees – saying it has no more money to fly its aircraft.

So what's going wrong?

We take a look into this lucrative but high stakes industry with a senior Jet Airways pilot and vice president of the National Aviators' Guild, a former joint secretary of India's civil aviation sector, and a young entrepreneur who is the CEO of a private jet service.

Will India manage to keep its aviation industry ticking? And is it the end of the road for full-service airlines?

Presenter: Devina Gupta

Contributors: Captain Asim Valiani, Vice President, National Aviators' Guild; Sanat Kaul, Former Joint Secretary, Civil Aviation; Kanika Tekriwal, CEO, JetSetGo

Image: A Jet Airways employee protests outside Indira Gandhi International Airport (Credit: Sanjeev Verma/Hindustan Times via Getty Images)